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president obama he disagrees. house speaker john boehner says his party is ready to compromise when it comes to eliminating some tax loom holes and deductions -- loopholes and deductions, but raising tax homes is still off the table. >> the problem with raising tax rates on the wealthiest americans is that more an half of them are small business owners. >> reporter: the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement on the more contentious issues. tara mergener for cbs news, the white house. >> the white house says the president will veto any bill that extends tax cuts for those making more than $250,000. >>> state and local governments are preparing for the fiscal cliff. virginia's governor directed all state agencies to identify 4% of their budget to cut out. that would affect northern virginia schools, of course, 14% of the fairfax county school budget coming from the state that. would be impacted. >> we're going to be concerned about any cut in funding given how tight our budget is. i think
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